About Assumptions

Topics:
Property Management
Tags:
Assumption,
Finance,
Financial Accounting,
Legal Liability,
RealEstateExchange.com
Source:
RealEstateExchange.com

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Overview: Article implies that one needs to understand the assumption process while selling the property. It sates that with cautions in mind, one can be prepared for the perils of assumptions. If a novation proves impossible, take special care to obtain clear and affirmative statements of legal liability from your new buyer, as well as a sizable down payment and a thorough credit and financial investigation. Staying alert to these problems will not eliminate legal liability, but is a practical way to minimize the risk. Read on the article and have more information.

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Format: HTML | Date: Oct 2001 | Pages: 1

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